Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Thursday, August 28, 2014

CBO Estimates Cost of CFPB Advisory Boards Act

The CBO estimated the cost of the CFPB Protection Advisory Boards Act (H.R. 4383), as ordered by the House Committee on Financial Services. The bill would establish three new groups to provide advice to the CFPB. The Small Business Advisory Board would provide information on the practices of small businesses that offer financial products and services. The Credit Union Advisory Council would provide advice to the CFPB on financial products or services that affect credit unions. The Community Bank Advisory Council would provide advice to the CFPB on financial products or services that affect community banks. Fifteen to twenty members would be appointed to each advisory group, which would meet at least twice each year.

CBO estimates the agency would spend less than $500,000 each year to support these three advisory groups.

Read more.

No comments:

Post a Comment

Please read our comment policy before making a comment.